South Africa is set to amend its regulations to include crypto assets in its capital flow management framework, as announced by Finance Minister Enoch Godongwana. The government plans to release a draft regulation under the Currency and Foreign Exchange Act to enhance cross-border capital regulation and support anti-money laundering efforts. This follows a Pretoria High Court ruling that cryptocurrencies are not legally defined as "money," prompting the need for legislative reform. The South African Reserve Bank (SARB) has appealed the court's decision, advocating for cryptocurrencies to be treated as money for regulatory purposes. However, the focus is now on establishing clear administrative accountability and reporting requirements for cross-border crypto transactions. This reform aims to clarify foreign exchange controls on crypto assets, enabling South African residents to engage more effectively in the global crypto market.